FLMTX

About FLMTX

Franklin LifeSmart Retirement Income Fund Class R6 is a target-date retirement mutual fund specifically designed for investors already in or entering retirement. Its primary goal is to provide consistent monthly distributions while also aiming to preserve capital over the long term. The fund achieves this through a diversified asset allocation that is predominantly weighted toward fixed income investments, complemented by allocations to domestic and foreign equities, as well as cash equivalents. Notable features include its managed distribution policy, which seeks to maintain steady income, and the use of underlying funds—primarily from Franklin Templeton and other well-known asset managers—to implement its strategy. The portfolio tends to be conservatively allocated, with over 60% in fixed income and about 30% in equities, adhering to the needs of retirees who prioritize income and capital preservation. As a component of the target-date retirement fund category, Franklin LifeSmart Retirement Income Fund Class R6 serves a key role in helping retirement investors manage longevity risk, generate income, and maintain investment diversification through various market cycles.